Today’s news comes out of Africa, more specifically the country of Botswana. It’s starting to look like they may have their very first uranium mine on the horizon! You know what that means… a need for our Earthmoving Equipment!
Australian firm A-Cap Resources has applied for a mining license for their flagship project, Letlhakane. CEO Paul Thompson has said that forcasts for uranium prices are showing a rise which bodes well for the future of the mine. The project will cost around $351 million and it will be located near roads, a network of railways, and a power supply.
Very interesting! We will be happy to follow this mine as the status progresses.
*All information for this story was taken from mining.com.